29th Oct 2007 07:00
Aricom PLC29 October 2007 Press Release 29 October 2007 Aricom plc ("Aricom" or "the Company" and together with its subsidiaries the "Group") Announcement of unconditional dealings on the Official List and Main Market and Commencement of mining at the Group's Kuranakh project Aricom today announces the successful move from AIM to the Main Market andprimary listing of its ordinary shares ("Ordinary Shares") and outstandingwarrants ("Warrants") on the Official List of the UK Listing Authority (the"Official List") and admission to trading on the London Stock Exchange plc'sMain Market for listed securities (the "Main Market"). • The introduction to the Official List and Main Market comprises a primary listing of 1,076,319,960 existing Ordinary Shares and 133,000,000 existing Warrants. • Admission of its Ordinary Shares and Warrants and commencement of trading on the Main Market and to the Official List will commence at 8:00am today. The Company's Ordinary Shares will trade under the ticker "ORE" and the Company's Warrants will trade under the ticker "OREW". Cancellation of trading of the Ordinary Shares on AIM under the ticker "TIO" will take place simultaneously at 8:00am (London time) today. • Trading of Aricom's Ordinary Shares and Warrants is expected to commence following the opening of the Main Market which today will be carried out by Dr Pavel Maslovskiy, Aricom's Chairman. Further to this, Aricom announces that it has begun mining at the Kuranakhoperation. Crushing is scheduled to commence in December and in advance of thisthe Group has today begun mining operations. Commenting on today's announcement, Jay Hambro, Chief Executive Officer ofAricom said: "Today is a historic day for Aricom as we are commencing mining operations atour first project and commencing trading on the Main Market. In a relativelyshort period, Aricom has grown from a small exploration company to a developerand now miner. This evolution will now be reflected in our London listing and Ihope this new listing will generate value for our shareholders. " JPMorgan Cazenove Limited and Canaccord Adams Limited have been appointed asjoint sponsors and joint financial advisers in relation to the move to theOfficial List and the Main Market and will be acting as joint brokers to theCompany. - Ends - For further information:Aricom plcJay Hambro, Chief Executive Tel: +44 (0) 20 7201 8939 www.aricom.plc.ukJPMorgan CazenoveIan Hannam / Patrick Magee Tel: +44 (0) 20 7155 2828 www.jpmorgancazenove.comCanaccord AdamsRobert Finlay / Chris Bowman Tel: +44 (0) 20 7050 6500 www.canaccordadams.comAbchurchCharlie Jack/ George Parker Tel: +44 (0) 20 7398 7700 www.abchurch-group.com This announcement is an advertisement and not a prospectus and investors shouldnot subscribe for or purchase any securities referred to in this announcementexcept on the basis of information in the prospectus which has been published bythe Company (the "Prospectus") in connection with the admission of its OrdinaryShares and Warrants to the Official List and to trading on the Main Market ("Admission"). Copies of the Prospectus are available from the offices of Aricomplc 10-11 Grosvenor Place, London, SW1X 7HH. The Company is not offering any new Ordinary Shares, Warrants or othersecurities in connection with Admission. This document does not constitute anoffer to sell, or the solicitation of an offer to subscribe for or buy OrdinaryShares, Warrants or other securities in any jurisdiction. The contents of this announcement have been prepared by and are the soleresponsibility of the Company. JPMorgan Cazenove and Canaccord which areauthorised and regulated in the United Kingdom by the FSA have been appointed asJoint Financial Advisers and Joint Sponsors to the Company. JPMorgan Cazenoveand Canaccord are advising the Company and no-one else in connection withAdmission and will not be responsible to anyone other than the Company forproviding the protections afforded to the clients of JPMorgan Cazenove orCanaccord or for affording advice in relation to Admission, the contents of thisannouncement or any transaction or arrangement referred to herein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Orogen Gold